Royal Mail Pension Plan asset transfer cuts deficit by £28bn

clock

The transfer and sale of assets from the Royal Mail Pension Plan to HM Treasury has reduced the deficit by £28bn, the Chancellor has revealed.

However, in his autumn statement, the Chancellor said the move would add to the deficit in coming years as the pensions of former Royal Mail workers are paid out of government coffers. The deal ...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Industry

Legal & General goes digital for annuity applications

Legal & General goes digital for annuity applications

Applications could take 14 fewer days to process

Jenna Brown
clock 01 April 2025 • 1 min read
News Digest: PPF vows to invest more in 'juicy' UK assets; Reeves urged to come clean on pension tax raid

News Digest: PPF vows to invest more in 'juicy' UK assets; Reeves urged to come clean on pension tax raid

PP brings together all the latest news on pensions from across the national and financial media

Professional Pensions
clock 01 April 2025 • 1 min read
Isio records 26% increase in group revenue in 2024

Isio records 26% increase in group revenue in 2024

Firm’s results reveal group revenue increased to £170m while EBITDA rose by 31%

Martin Richmond
clock 31 March 2025 • 1 min read
Trustpilot